In 2016,Ford's Sales Were Rising,but in Early 2017,Ford's Sales Declined

question 72

Multiple Choice

In 2016,Ford's sales were rising,but in early 2017,Ford's sales declined.Ford and the U.S.automobile industry were experiencing the effects of

• A)inflation.
• B)the underground economy.
• C)the business cycle.
• D)depreciation.

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Definitions:

Formalization

The process of creating or implementing formal rules, procedures, and structures within an organization to standardize operations and behaviors.

Standardization

The process of implementing and developing technical standards to ensure consistent, quality processes and products.

Coordinating Mechanism

Procedures or systems used to align and manage activities and tasks across different parts of an organization or team.

Organic Structure

An organizational structure characterized by flexibility, decentralization of authority, and a broad scope of operation, allowing for quick adaptation to changes.